Needham & Company LLC reissued their sell rating on shares of Netflix (NASDAQ:NFLX) in a research note issued to investors on Thursday morning, AnalystRatings.com reports.
Other equities research analysts also recently issued reports about the stock. Sanford C. Bernstein restated a buy rating and issued a $415.00 target price on shares of Netflix in a research note on Monday, January 20th. BidaskClub upgraded shares of Netflix from a hold rating to a buy rating in a research note on Wednesday, February 5th. Guggenheim raised their price target on shares of Netflix from $400.00 to $420.00 and gave the stock a buy rating in a report on Thursday, January 23rd. Aegis reaffirmed a hold rating and issued a $275.00 price target on shares of Netflix in a report on Tuesday, October 22nd. Finally, Citigroup raised their price target on shares of Netflix from $325.00 to $350.00 and gave the stock a neutral rating in a report on Monday, January 27th. Four analysts have rated the stock with a sell rating, eleven have assigned a hold rating and twenty-seven have assigned a buy rating to the company. The stock presently has an average rating of Buy and an average price target of $380.00.
Shares of NASDAQ NFLX traded down $1.00 during midday trading on Thursday, reaching $380.40. 3,734,577 shares of the company’s stock traded hands, compared to its average volume of 7,251,396. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 1.95. The stock’s 50 day simple moving average is $344.03 and its 200-day simple moving average is $307.67. Netflix has a one year low of $252.28 and a one year high of $385.99. The company has a market cap of $166.70 billion, a price-to-earnings ratio of 92.11, a P/E/G ratio of 2.05 and a beta of 1.46.
Netflix (NASDAQ:NFLX) last announced its earnings results on Tuesday, January 21st. The Internet television network reported $1.30 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.78. The company had revenue of $5.47 billion during the quarter, compared to the consensus estimate of $5.45 billion. Netflix had a net margin of 9.26% and a return on equity of 28.45%. Netflix’s revenue was up 30.6% compared to the same quarter last year. During the same period last year, the firm earned $0.30 earnings per share. Equities analysts predict that Netflix will post 6.04 EPS for the current fiscal year.
In other news, CEO Reed Hastings sold 83,692 shares of Netflix stock in a transaction dated Tuesday, January 21st. The shares were sold at an average price of $336.61, for a total value of $28,171,564.12. Following the sale, the chief executive officer now owns 83,692 shares in the company, valued at $28,171,564.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Jay C. Hoag sold 1,894 shares of Netflix stock in a transaction dated Monday, February 10th. The shares were sold at an average price of $371.75, for a total transaction of $704,094.50. The disclosure for this sale can be found here. Insiders sold 140,102 shares of company stock valued at $45,886,831 in the last ninety days. 3.72% of the stock is owned by corporate insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in NFLX. Private Advisor Group LLC grew its position in shares of Netflix by 100.9% in the fourth quarter. Private Advisor Group LLC now owns 30,154 shares of the Internet television network’s stock valued at $9,757,000 after purchasing an additional 3,558,154 shares during the period. Fisher Asset Management LLC grew its position in shares of Netflix by 142.6% in the third quarter. Fisher Asset Management LLC now owns 2,216,329 shares of the Internet television network’s stock valued at $593,134,000 after purchasing an additional 1,302,678 shares during the period. D1 Capital Partners L.P. grew its position in shares of Netflix by 18.7% in the fourth quarter. D1 Capital Partners L.P. now owns 4,382,600 shares of the Internet television network’s stock valued at $1,418,078,000 after purchasing an additional 689,600 shares during the period. Maverick Capital Ltd. grew its position in shares of Netflix by 695.9% in the third quarter. Maverick Capital Ltd. now owns 522,778 shares of the Internet television network’s stock valued at $139,906,000 after purchasing an additional 457,098 shares during the period. Finally, Baillie Gifford & Co. grew its position in shares of Netflix by 4.5% in the fourth quarter. Baillie Gifford & Co. now owns 8,043,935 shares of the Internet television network’s stock valued at $2,602,776,000 after purchasing an additional 348,403 shares during the period. Institutional investors and hedge funds own 80.69% of the company’s stock.
Netflix Company Profile
Netflix, Inc provides Internet entertainment services. The company operates in three segments: Domestic streaming, International streaming, and Domestic DVD. It offers TV series, documentaries, and feature films across various genres and languages. The company provides members the ability to receive streaming content through a host of Internet-connected screens, including TVs, digital video players, television set-top boxes, and mobile devices.
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